Retireful LLC Makes New Investment in HEICO Co. (NYSE:HEI)

Retireful LLC bought a new stake in HEICO Co. (NYSE:HEI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,464 shares of the aerospace company’s stock, valued at approximately $390,000.

Several other institutional investors have also modified their holdings of the stock. Wealthfront Advisers LLC increased its position in HEICO by 219,129.4% during the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares during the last quarter. Bain Capital Public Equity Management II LLC acquired a new stake in shares of HEICO during the 4th quarter worth approximately $110,503,000. EULAV Asset Management raised its position in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after buying an additional 51,500 shares during the period. Fisher Asset Management LLC lifted its holdings in HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after acquiring an additional 66,583 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in HEICO by 2.3% during the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company’s stock worth $88,244,000 after acquiring an additional 8,300 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on HEI shares. Wells Fargo & Company boosted their price objective on shares of HEICO from $244.00 to $278.00 and gave the company an “equal weight” rating in a report on Friday, May 30th. Truist Financial reduced their price target on shares of HEICO from $294.00 to $277.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. William Blair reaffirmed an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Barclays lifted their target price on shares of HEICO from $250.00 to $280.00 and gave the company an “equal weight” rating in a report on Monday. Finally, UBS Group upped their price target on HEICO from $264.00 to $306.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HEICO has a consensus rating of “Moderate Buy” and an average target price of $279.45.

HEICO Trading Up 0.6%

NYSE:HEI opened at $300.26 on Thursday. HEICO Co. has a 12-month low of $216.68 and a 12-month high of $303.32. The firm has a market cap of $41.72 billion, a PE ratio of 82.04, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $262.70 and a 200 day moving average price of $252.97.

HEICO (NYSE:HEI) last issued its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. Sell-side analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now directly owns 418 shares in the company, valued at $102,924.14. This trade represents a 62.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the sale, the director now directly owns 157,197 shares of the company’s stock, valued at approximately $37,659,685.29. This trade represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.55% of the company’s stock.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.